Renovated Office
For Sale
$350,000
564 Us Highway 60 E, Republic, MO 65738
Reception, a conference room, four private or semi-private offices, and space for up to 16 desks support a flexible work layout.
Property Size1,596 SF
Price / SF$219.30
Days on Market86
Property Features for 564 Us Highway 60 E
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Built-Out
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,219
Amenities
handicap accessible ramp
exterior storage shed
Building Details
Building Size
1,596 SF
Year Built
1957
Year Renovated
2017
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Suelina O Carter · License #2003006493
(417) 818-6751
Source:
Grassmuckrealty
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 27 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Murney Associates - Primrose
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Investment Insights
Based on property information with market context.
This 1,596-square-foot office property was comprehensively renovated in 2017. Improvements include new exterior siding, roof, windows, plumbing, lighting, and HVAC, along with a remodeled bathroom, refinished hardwood floors, California shutters, and custom Hunter Douglas blinds. The layout includes reception, a conference room, two private offices, two semi-private offices, and desk space for up to 16. An accessible ramp and an exterior storage shed are also included.
The property has frontage and direct access along Highway 60 in Republic. Prior uses include a real estate brokerage, retail store, veterinary office, and accounting firm.
The property has frontage and direct access along Highway 60 in Republic. Prior uses include a real estate brokerage, retail store, veterinary office, and accounting firm.
Key Highlights
- 1,596‑square‑foot office property renovated in 2017
- Highway 60 frontage with direct access in Republic
- Layout includes reception, conference room, two private offices, and two semi‑private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,393
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
$527.9K
Cap Rate 7%
$377,043
$377.0K
Cap Rate 9%
$293,256
$293.3K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$36.8K $23.04/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$35.2K $22.05/SF
− OpEx
−$8.8K −$5.51/SF
NOI
$26.4K $16.54/SF
Area
Greene County, MO
Vacancy
4.30%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
Cap Rate 7%
$377,043
Cap Rate 9%
$293,256
Alternative Uses
Best Use
Office B
$377.0K
$329.9K – $439.9K
NOI $26,393 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.7K
$458.2K – $611.0K
NOI $36,657 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 65738, MO
20,995
Population
8,878
Households
2.4
Avg Household Size
35
Median Age
28%
College-Educated
95%
High-School Grad
53.9 sq mi
ZIP Area
390
Density / Sq Mi
$67,848
Median Household Income
$45,220
Median Earnings
$1,069
Median Rent
$195,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, a conference room, four private or semi-private offices, and space for up to 16 desks support a flexible work layout.
Where is this office unit located?
The property is located at 564 Us Highway 60 E Republic, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,596‑square‑foot office property renovated in 2017; Highway 60 frontage with direct access in Republic; Layout includes reception, conference room, two private offices, and two semi‑private offices
